Mastercard (NYSE:MA) Shares Up 0.6%

Shares of Mastercard Incorporated (NYSE:MAGet Free Report) shot up 0.6% on Friday . The stock traded as high as $453.00 and last traded at $451.35. 448,009 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 2,402,876 shares. The stock had previously closed at $448.68.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. Mizuho dropped their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company upped their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. decreased their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley decreased their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Piper Sandler began coverage on Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $497.78.

Read Our Latest Stock Analysis on MA

Mastercard Price Performance

The stock has a 50-day simple moving average of $457.28 and a 200 day simple moving average of $449.20. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $418.13 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.76 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the company earned $2.80 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 14.22 EPS for the current year.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,211,936 shares of company stock worth $1,000,536,422. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after purchasing an additional 330,872 shares in the last quarter. Capital International Investors increased its holdings in Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Capital Research Global Investors increased its holdings in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Norges Bank acquired a new stake in Mastercard during the 4th quarter valued at $4,595,559,000. Finally, Northern Trust Corp increased its holdings in Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after purchasing an additional 251,516 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

About Mastercard

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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